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Top 5 Failed Cryptocurrencies The cryptocurrency market is so unpredictable. The situation with Terra made many think, because the Terra ecosystem was in the top 20 of all cryptocurrencies, but unexpectedly collapsed to complete 0 in a couple of days...You can record this event in history, along with the largest hack of the Mt.Gox exchange in 2017. But the collapse of $LUNA and $UST is not the first time in the crypto market. We have prepared for you a selection of TOP projects that lost more than 90%. 1st place - Internet Computer ($ICP) The $ICP token once traded at ~$400 and is now at $7.77. This is minus 98% of ATH. $ICP is the token of the Swiss company Dfinity Foundation. The project was launched in 2021 and immediately gained huge momentum. In just 4 days, the project entered the top 8 of all cryptocurrencies. 2nd Place - Filecoin ($FIL) Filecoin hit the $200 mark during its ATH in April 2021. As of today, $FIL is valued at $7.4, which is 96.3% less than ATH. Filecoin was launched in 2017. The project raised a record amount for ICO ~ 257 million dollars. Among the investors and funds were such giants as: Sequoia Capital, Andreessen Horowitz and Union Square Ventures. Filecoin creates a decentralized digital storage network through which users can rent available disk space (similar to Icloud). 3rd place - $EOS At its peak, $EOS reached $22 in April 2018. The token is currently worth $1.2. This means a loss of 94% of ATH. EOS is a large-scale blockchain, one of the first Ethereum killers. During the ICO, the project raised $4.2 billion. The project was supported by influential people: Moore Capital Management CEO Louis Bacon and PayPal and Palantir co-founder Peter Thiel. 4th place - dYdX ($DYDX) dYdX is a decentralized exchange token. At its peak, the price reached $27, and today the rate fluctuates around $1.82, which is 92% less than ATH. The fall from ATH began in 2021 and is partly due to the restriction from the authorities in China. Place 5 - LooksRare ($LOOKS) $LOOKS is the NFT token of the marketplace, at the peak value was $7.10. Today - $0.45, which is 91% less than ATH. LooksRare planned to become OpenSea's biggest competitor. The platform artificially increased turnover on its site to attract users. Analytical company CryptoSlam has revealed more than $8.3 billion of "fake" turnover involving LooksRare. Ultimately, this led to the depreciation of the token. Invest wisely and follow risk management❗ If you are worried and do not sleep at night when your purchase went to -50% from the entry point, then most likely you overdid it with a comfortable amount for investing.

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